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Looming crisis in Queensland’s rental market as investors prepare to flee housing tax grab

Press coverage 23 September 2022 Summary of published coverage
Looming crisis in Queensland’s rental market as investors prepare to flee housing tax grab

PIPA research indicated many investors were preparing to leave the Queensland rental market because of the state’s revised land tax, which would count property held anywhere in the country. The survey found 45 per cent of investors had already sold at least one Queensland dwelling in two years, stripping close to 30 per cent of rental stock, and 19 per cent were considering selling again within a year.

Reported by

Shannon Molloy, realestate.com.au, 23 September 2022

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